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The company plans to bring VMware Cloud on AWS, a cloud service offered in collaboration with Amazon.com Inc, to China next year, in a move to accelerate local enterprises' digital transformation process.

The company says it will ultimately employ as many as 50,000 people at its new campus, with average compensation of more than 0,000, with a capital outlay of more than billion to fully establish the new headquarters.

The company was founded in 1997 as a joint venture between Fanuc and Shanghai Electric Group Company Ltd.

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The company said that Chinese enterprises are playing an increasingly important role in the global communications industry, including 5G. More than half the smartphones shipped around the world are from Chinese companies－the effect is obvious.

The competition, aiming to provide a platform for China's young big data talent to show their professional competence, inspire them to explore the data analysis field with passion and get them ready for becoming data scientists in the future, has been held for five times since 2013.

The company said such expectations would push traditional carmakers to improve their research and development.

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The company, whose products cover industries such as aerospace, defense, automobiles, shipbuilding, wind power generation and medical equipment, now holds more than 100 patents.

The company on Sunday launched the Wing Loong I-D, the latest member of the UAS family. It said the 30-minute maiden flight was successful. The fuselage of new model is completely built with composite material.

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The company is unveiling the device at its Google I/O conference in San Francisco right now, but the official specs and pricing leaked earlier by way of an official video and product pages from the company that have since been taken down.

The company now has nine manufacturing sites in China that primarily serve domestic customers. More than 85 percent of 3M products produced in China are used in China, the company said.